Rupert Murdoch’s News Corp. is reportedly considering the sale of Fuel TV to help fund a deal to purchase the Travel Channel.
According to All Things Digital:
If News Corp. (NWS) does part with [Fuel TV], it won’t be a whopper of a deal: Fuel TV boasts just 30 million subscribers–about half of what cable networks need to get taken seriously by operators and advertisers.
Just as telling, perhaps: I’ve queried three different Wall Street analysts to get a ballpark price for the network, and none had a clue–and only one had even heard of Fuel.
Fox Cable Networks, News Corp’s division that oversees Fuel TV, declined to comment on the story at this point. Stay tuned to TransWorld Business for more details.